NASS Subjective Estimate 2017
NASS released their subjective figure, forecasting California’s 2017 almond crop at 2.2 billion lbs.
An estimated 2,200 lbs. per acre on 1 million bearing acres. The estimated yield is down 3.5% but estimated total production is up 2.8% due to increased bearing acreage from 940,000 in 2016.
This is based on a survey of growers from April 25 to May 4.
Expectations a month ago were in the 2.2 billion lb. range but the industry became more optimistic about the crop potential and 2.2 is on the low end of recent expectations.
Below is a historical comparison of the subjective and objective estimates with actual receipts.
Tomorrow the April position report will be released and we will send another update.